RBI dividend payout to centre rises 73%; Rs 99,122 crore transferred as surplus in FY21
The Reserve Bank of India (RBI) Friday raised by about three-fourths its annual surplus transfer to the Centre, beating both market estimates and the government’s conservative budget projections. Revaluation gains of forex reserves and a decision to maintain aggressive contingency-risk buffers likely helped increase the dividend payout to nearly Rs 1 lakh crore. The central … Read more